The US ISM index for the services sector dipped marginally to 60.5 in July from 62.2 the prior month with employment and orders too decreasing slightly, although they stayed in business levels. Technical concerns will tend to dominate after the rest of 1.2250 service and forward of the critical Friday statute. The dollar is in danger of a drop to 1.2350, but at a restricted correction is sensible out of there.

Analysis provided by http://www.fxtoday.co.uk